Measured Wealth Private Client Group LLC Takes $332,000 Position in AT&T Inc. (NYSE:T)

Measured Wealth Private Client Group LLC bought a new position in shares of AT&T Inc. (NYSE:T) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 14,565 shares of the technology company’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its holdings in AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares in the last quarter. CWM LLC grew its holdings in AT&T by 2.9% in the third quarter. CWM LLC now owns 2,455,560 shares of the technology company’s stock valued at $54,022,000 after purchasing an additional 69,306 shares during the period. Wedmont Private Capital increased its position in shares of AT&T by 3.8% in the third quarter. Wedmont Private Capital now owns 67,949 shares of the technology company’s stock valued at $1,480,000 after buying an additional 2,515 shares in the last quarter. Patten Group Inc. raised its stake in shares of AT&T by 4.2% during the 3rd quarter. Patten Group Inc. now owns 94,316 shares of the technology company’s stock worth $2,075,000 after buying an additional 3,833 shares during the period. Finally, Somerset Trust Co lifted its position in shares of AT&T by 2.0% during the 3rd quarter. Somerset Trust Co now owns 54,223 shares of the technology company’s stock valued at $1,193,000 after buying an additional 1,081 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Oppenheimer started coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. UBS Group boosted their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Stock Performance

NYSE T opened at $24.46 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market cap of $175.47 billion, a P/E ratio of 16.41, a P/E/G ratio of 2.71 and a beta of 0.59. The stock has a 50-day moving average of $22.99 and a two-hundred day moving average of $21.75. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.98.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, analysts anticipate that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.